Cleveland-Cliffs Stock Falls Amid Auto Pullback

Iron & steel stock Cleveland-Cliffs Inc (NYSE:CLF) was last seen down 3.5% at $9.20, after news broke that the steel producer will temporarily idle two Minnesota facilities. The move, reported by the Star Tribune, will result in hundreds of job cuts as auto manufacturers scale back orders in response to uncertainty surrounding President Donald Trump’s evolving tariff policies.On the charts, CLF sports a 2.2% year-to-date deficit. The equity is also off 57.1% over the last 12 months and heading for its worst ...